UKRAINE - People are deceived by the U.S. / EU - Nazis and fascists in control of government, formed by US and EU. - In this blog, I will provide the information that the Western press is not willing to give. The purpose is to open the eyes of the Norwegian, European and Ukrainian people about what actually happens in Ukraine, and who’s behind. Some text is mine, but also from friends or I borrow/ bring in from other media

fredag 6. april 2018

Trump threatens China with $100bn more in tariffs as response to Beijing’s ‘unfair retaliation’

Donald Trump has instructed the US Trade Representative to
consider slapping China with an additional $100 billion in tariffs,
accusing China of engaging in “unfair retaliation” instead of backing
down to Washington’s pressure.

“Rather than remedy
its misconduct, China has chosen to harm our farmers and manufacturers.
In light of China's unfair retaliation, I have instructed the USTR to
consider whether $100 billion of additional tariffs would be appropriate
under section 301 and, if so, to identify the products upon which to
impose such tariffs,” Trump’s statement, released by the White House, said.Earlier
this week Beijing announced that it was considering a mirror response,
after the United States Trade Representative (USTR) released a
preliminary list of Chinese products, totalling some $50 billion, which
it plans to slap with increased tariffs, under Trump’s order.

Despite Beijing’s repeated warnings that it would
proportionally respond to any US moves, and its calls for negotiations
to avoid an escalation of a trade war, Donald Trump on Thursday decided
to adopt a harsher policy. While instructing the USTR to consider new
measures, he once again cited Section 301 of the Trade Act of 1974,
which had previously “determined that China has repeatedly engaged in practices to unfairly obtain America's intellectual property.”

Somewhat
downplaying this new round in the trade spat, which is likely to
further impact global stock markets, Trump claimed that he was still
ready to have discussions with China to achieve a “free, fair, and
reciprocal trade and to protect the technology and intellectual property
of American companies and American people.”

“Trade
barriers must be taken down to enhance economic growth in America and
around the world. I am committed to enabling American companies and
workers to compete on a level playing field around the world, and I will
never allow unfair trade practices to undermine American interests,” the White House statement reads.

The
trade dispute between Washington and Beijing sharply escalated this
week, after the Trump administration on Tuesday announced 25 percent
tariffs on some 1,300 industrial, technology, transport, and medical
products. In response, Beijing said that it will target 106 American
products, including soybeans, automobiles and chemicals. Both sets of
measures have yet to come into effect.Trump’s call for new
measures against China comes a day after White House economic adviser
Larry Kudlow said that he expected that the United States and China
would work out their trade differences. “I believe that the Chinese will back down and will play ball,” Kudlow commented.